Markets React to October Jobs Report

This transcript has been automatically generated and may not be 100% accurate.

... the the ... Joe Light over to ... the market's reaction to the jobs report ... only ... one as ... well ... as geog and has been used in its market likes this is one of those cases as you say were good news is good news before the report Dow futures were basically flat ... number of thirty or forty points ... it looks like we might add to what was a pre sizable Ganesha that ... the deathly like this report ... okay ... now so it as we said before licious repeat for viewers at home economists had expected ... non for nonfarm payrolls to improve the hundred twenty five thousand from one fourteen actually got a hundred and seventy one ... September and it expected the unemployment rate to go to seven point nine percent from seven point eight percent of that is what happens ... now ... did it did so ... AVIC's a lift after after Sandy ... and I so wanna ask you quickly there won't be any will there be any impact on next month's job or jobs report from ... Hurricane Sandy which is ten for not because the survey happens the second week of the month ... that's right that's right it's a so so so it's not clear whether whether there'll be ... much of any impacted on the I'm I'm dying I frankly think that the market is that this point ... even might be less focused on kind of ... what what what the seeing the reaction will be ... built in those numbers than Namata and I've bought her from traders who are watching utility stocks ... there watching Home Depot which frankly I think you're ... you're Khona chasing yourself around by the tail when your when you're with when you read here here here here doing it that ... that stuff ... aam sternly for the East Coast or you think that should have some effect ... ok by the way ... you had a an inch in point today ... Thursday was the first day ... of ... fiscal year for fifteen hundred neutral funds was that important ... that matters because folks departure kind of stuff in the top spot frankly with the with the weight of the market was closed ... earlier this year if you needed to close the yearbooks for the year when you do when there's no trading became you can't do it ... so ... yesterday I think part of what was going on we had a pretty big gain the Dow ... triple digits ... on a lot of managers had fresh books for the year and they were buying I think that was driving a lot of guesses activity ... you might see some more that going on today ... you have a fresh start ... I'm you know it's kind of bought